Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 94

Subsequent realization of security

    Where a secured creditor who has lodged a proof of debt in respect of the balance due after deducting the estimated value of his or her security subsequently realizes his or her security, or it is realized under section   91, the net amount realized shall be substituted for the estimated value of the security and section   93 applies as if the proof of debt had been amended accordingly by the creditor under section   92.



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